Cryptocurrency GUEST POST

Altcoins to Watch out for in 2020

Today, there are more than 4000 cryptocurrencies, and this number continues to grow all the time, making it difficult to identify altcoins to invest. This article will focus on the altcoins to invest in 2020.

We are trying to find a balance and detail altcoins in this article that have the highest growth potential and the lowest loss potential in 2020.

Nevertheless, before we get into it, it is important to note that before making any investment decisions, you should always consult a financial advisor.

XRP 

Altcoins to invest in 2020

Altcoins to invest in 2020 | Unlike many altcoins, XRP has made real-world adoption inroads and has collaborated with large financial institutions worldwide.

In addition, Ripple’s distributed ledger software has already been used by the Strategic Business Investor Group (SBI Holdings) to help it reach more than 500 billion yen in remittance, attributing Ripple’s xCurrent approach to its recent press release performance.

A large surge is expected around Ripple Swell conference in November. This could be a major catalyst for its 2020 path.  

Altcoins to Invest in 2020/Watchout – Zilliqa (Zil)

Altcoins to invest in 2020 | Zilliqa is a high-throughput blockchain based on the concept of sharding — that essentially means that the Zilliqa network is divided into several parallel traffic lines which enable the network’s throughput to increase roughly in line with the network’s volume.

Zilliqa has never failed to maintain its strong presence by updating robust sharding-based solutions to cope with smart contracts and dapps pace constraints.

Zilliqa has never failed to maintain its strong presence by updating robust sharding-based solutions to cope with smart contracts and dapps pace constraints.

Tokens were sold at a rate of 0.38 cents each during the ICO, before spiking in May 2018 to a maximum value of over 23 cents — growing over 6,000 percent. 

Note that during a timeframe that saw Bitcoin lose 50% of its value, this impressive growth took place.

Altcoins to Invest in 2020/Watchout – Chainlink (Link) 

Altcoins to invest in 2020 | ChainLink is a network that aims to bridge the gap between blockchain smart contracts and real-world implementations that are often off the blockchain.

The cryptocurrency uses ‘ oracles ‘ to identify and validate real-world data and to incorporate it into smart contracts on-chain.

Chainlink projects are respected by the crypto community as people see the team working closely on their venture.

Recently, Binance, the world’s largest exchange, added 4 chainlink pairs to its list of coin-pair sponsored, and that is a huge boost for the LINK group in itself.

Because of its achievements and developments, Chainlink could grow up to be the champion in the crypto space in a 2020.

BitTorront (BTT)

Altcoins to invest in 2020 | TRON acquired BitTorrent in July 2018, the world’s largest peer-to-peer file sharing protocol. 

The TRON network must store and bandwidth the torrent ecosystem.  This currently has more than 100 million users and accounts for 33% of total internet traffic.

The main purpose of BTT is to encourage users of the BitTorrent protocol to provide infrastructure services such as file seeding and token hosting.

The fall in altcoins that were mainstream media darlings at the beginning of the year, like BTT, can be due in part to new traders being scared off once the bear market kicked in with revenge.

Final Words

As you can probably say, it is never easy to predict the future of any cryptocurrency, though there is a way to do it. There are many factors that determine if the price is going to rise or fall.

So what are your thoughts on the above altcoins after reading this?

Excellentjohn
A cryptocurrency and stock writer, analyst and consultant. Contact me on kojokumijohn@gmail.com

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